Why is Bitcoin price of 30% of all time high?

Seven weeks in a row, the price of Bitcoin has experienced several returns, falling from the top of $ 109,000 in January to 11. March of about $ 77,000.

The decline resulted in a loss of about 30% Bitcoin (Btc) value and significant decline in the wider cryptocurrency market. Over the past month, Etherum (El) has dropped 29% while Solana (Salt) and DogeKoin (Exaggerate) They had more severe losses of 40% and 38%, respectively.

According to the 11th March report At the Santiment market intelligence platform, the fall of Bitcoina began after key actors began taking profits in mid-February, running the sales wave.

From 20. February to 8. March 22,702 BTC (nearly $ 1.8 billion on current rates) was moved from private wallets to exchange. This trend implies that investors are ready for sale, which increased the pressure down.

At the same time, the accumulation of whales, which encouraged the rise of Bitcoin after Trump Electoral Elections, which significantly slowed down after its inauguration. Institutional customers who bought aggressively bought the BTC between November and January began reducing their presentation in February. While some of these investors are high net bags continued to buy 3. Marta, the market has yet to see a significant jump.

There was also a significant change in investors. The growing number of bears price Projections can be seen in social media data and many retail investors who entered the market late at 2024. sold in a loss. The average short-term loss for Bitcoin traders is currently –11%, in accordance with Santor’s Study, while long-term holders lost -5% in the last 12 months.

In addition to the inner market factors, macroeconomic uncertainty also measured at the cryptocurrency. Investors are still upset by Trump’s new tariff policies and the possibility of a deteriorated trade war, which caused several instability for digital funds markets.

Although the initial excitement was initiated by Pro-Cripto Stanco administration, concerns, how rapid policies and regulatory implementation can be taken away from the expectations.

Bitcoin is currently at approximately $ 77,200 from 11. Marta, down 4% of the previous day. Meanwhile, Arthur Haies, co-founder of bitmek, believes That bitcoin can fall to about $ 70,000, which would be correction of 36% of its peak and in line with the previous bull market returnees.

He pointed out that monetary mitigations of central banks such as federal reserve, PBOC, ECB and BOJ, probably after additional falls in American stock indices, such as S & P 500 and NASDAK.

Many risk investors can wait for the help of the central bank to prevent extended lateral movement and unrealized losses. However, traders should consider the purchase of the DIP, according to Haies. If the $ 78,000 support does not hold, previously predicted Bitcoin can fall to $ 75,000.